There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Karnataka Vikas Grameena Bank for its Hunsimakki branch in Coondapur, Mangalore, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Karnataka Vikas Grameena Bank situated in Coondapur or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code KVGB0008107. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Hunsimakki, Coondapur
Here are some of the key details that come with the IFSC Code KVGB0008107 of Karnataka Vikas Grameena Bank for its branch located in Coondapur, within the district of Mangalore in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0008107 |
| Branch | Hunsimakki |
| City | Coondapur |
| District | Mangalore |
| State | Karnataka |
| Address | Vasanti M Shetty Bldg, Hombady-Madady Po: Hunsemakki Tq. Kundapur Dt:Udupi Pin- 576 222 |
These details are important not only for users using online banking but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Coondapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code KVGB0008107 for the Hunsimakki branch of Karnataka Vikas Grameena Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Karnataka Vikas Grameena Bank located in Hunsimakki, Coondapur, Karnataka, are allotted a unique IFSC like KVGB0008107 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Coondapur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Coondapur and Mangalore.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Karnataka Vikas Grameena Bank in Hunsimakki reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code KVGB0008107
The format of the IFSC Code for banks, including Karnataka Vikas Grameena Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Karnataka Vikas Grameena Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Hunsimakki in Coondapur.
For example, the IFSC Code KVGB0008107 of Karnataka Vikas Grameena Bank for the Hunsimakki branch includes these elements, identifying the bank and the branch location in Coondapur and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are looking for the IFSC Code KVGB0008107 of Karnataka Vikas Grameena Bank for its Hunsimakki branch located in Coondapur, the following methods can help:
Cheque Book
The cheque book that is issued by Karnataka Vikas Grameena Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Karnataka Vikas Grameena Bank branches in Coondapur and Mangalore, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Karnataka Vikas Grameena Bank and look for the branch locator section, then search for Hunsimakki or Coondapur to get the exact IFSC Code KVGB0008107.
Mobile Banking App
If you use Karnataka Vikas Grameena Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Karnataka Vikas Grameena Bank and Coondapur, then it will provide you proper information.
How to Use IFSC Code KVGB0008107 for Online Transfers?
Once you have the IFSC Code KVGB0008107 for the Hunsimakki branch of Karnataka Vikas Grameena Bank in Coondapur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KVGB0008107. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Karnataka Vikas Grameena Bank IFSC Code KVGB0008107.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Karnataka Vikas Grameena Bank Hunsimakki in Coondapur, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Karnataka Vikas Grameena Bank in Hunsimakki, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Karnataka Vikas Grameena Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Coondapur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0008107.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vasanti M Shetty Bldg, Hombady-Madady Po: Hunsemakki Tq. Kundapur Dt:Udupi Pin- 576 222 located in Coondapur, Mangalore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.